• 0 Posts
  • 2 Comments
Joined 1 year ago
cake
Cake day: July 16th, 2023

help-circle
  • There’s a great book, Capital In The 21st Century, that goes into a lot of detail on why inflation is common in modern economies despite there being large stretches of time just a few centuries ago without any noticeable inflation.

    The author’s argument is that inflation benefits governments that are in debt. If the government owes a trillion dollars that has to be paid off over a 100 year loan, the government has the tools to raise inflation over that time span to where a trillion dollars is no longer a lot of money. And during that 100 years the government can just keep paying the minimum interest payment and let the rest of the loan become worthless overtime.

    For us regular folk, we can get some of the same advantages with fixed interest loans over 30 years, etc.


  • dkc@lemmy.worldtoAntiwork@lemmy.mlStart a bonus rumor?
    link
    fedilink
    arrow-up
    11
    ·
    edit-2
    4 months ago

    If you’re at a mid to large size company your direct managers likely don’t have any authority to give a bonus. There’s simply no budget they have access that go directly into paychecks.

    I like the idea of trying to help your coworkers but I worry that rumor would be more disappointing to them vs any positive outcome.